Derek York
How much to save for Capex
Hi everyone,I had a quick question. How much should I save for Capex and repairs. I know a lot of people do 5% but that’s 5% can be very different depending on where the property is. Is there just a number people use ...
Jeremiah Lee
How to finance Secondary Dwelling?
I'd like to build a Secondary Dwelling/Granny unit at my current property on the Central Coast of CA. Thinking long term, what’s the smartest way to finance this project? I would assume I need to save up more money, ...
Andrew Martinez
What are creative ways to get a downpayment
Other that Heloc and a credit card what are some creative ways or other ways to get a down payment for an investment property. We got an approval for a STR but need 25% down in $180,000. This is a great opportunity an...
Wendy Schultz
How are you getting your cash for down payments?
How are you raising cash for a 25-30% down payment to get to the LTV of 70-75%? I am new to financing my properties through any other way than conventional financing and I have all my cash tied up in down payments on ...
Nathan Unger
Cash Reserves for Future Down payment vs. for Vehicle
We are needing to purchase a vehicle and would also like to purchase a home and/or rental property in the next 18 months (especially if the market dips). I have had several people say take your cash reserves and purch...
Bruce Filgate
Tax deductability of cash out financing after cash purchase
I am new to REI and was hoping someone on this forum could help....I have purchased a foreclosure for cash, am rehabbing it then want to do cash out financing and make it a long term rental. I have read that the inte...
Rueben Pacheco
HELOC Loan: Noob question!
Ill get right to it. If have a HELOC for $80,000 and I use and pay the loan off in full. Does the HELOC loan stay active and I can dip into that $80,000 again OR does the HELOC a one time loan?
Paul Quinn
Cash Purchase then HELOC right away? Short sale (Please help)
Hi All!I am very close to closing on a short sale and just ran into a huge brick wall with the mortgage. They said they wont approve it now unless the foundation and roof are fixed first.I am trying to figure out a wa...
Matthew Lindsey
Will using my HELOC hurt me during the process of getting a loan
Hi,I’m in the middle of getting a DSCR loan. I’m pulling cash out of a couple rental properties. My question is if the lender has already pulled my personal credit/ran my credit, will me pulling from my HELOC on my p...
Blake Fowler
Property management questions
When durIng the month do investor payouts occur (send then theIr portIon of the rent aftrr fees) and how is invoicing handled?
when repairs are made for Investor:
Who pays vendor? management or directly from Inves...